AMAL 10% owner reports repeated sales totaling about $3.8 million
The repeated, sizable disposals by a reported 10% owner are a bearish insider signal, tempered by uncertainty about the seller’s motivation.
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The repeated, sizable disposals by a reported 10% owner are a bearish insider signal, tempered by uncertainty about the seller’s motivation.
What happened, with direct paths to the underlying reporting
Workers United reported AMAL sales of 30,000 shares on October 30, 30,000 on November 2, and 16,000 on November 3, totaling approximately $3.8 million. Related filings appear duplicated under the organization’s regional joint board, so they are not counted twice.
Insider: Workers United
Role: 10 percent owner
Transaction: S-Sale
Shares: 30,000
Price: $50.81
Value: $1,524,405
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